Burgeoning Bluetooth Low Energy (BLE) Based Internet of Things (IoT) Movement to Drive the Market at a CAGR of 29% between 2014 and 2020

Bluetooth Low Energy (BLE) is a primary characteristic and integral part of Bluetooth v4.0 specifications launched recently. The speciality of the BLE protocol lies in its consumption of minimal amount of power from the device in which it is integrated. The whole BLE Market in the report has been forecast between 2014 and 2020 based on several segments including type of solution, type of mode, applications and geography.

The Bluetooth Low Energy Market based on type of solutions has been prominently segmented into Modules and Chipsets followed by type of modes. Under the mode segment, the BLE market has been further classified into two broad categories: single mode also called as Bluetooth Smart and dual mode also called as Bluetooth Smart Ready.

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Subsequently, the BLE market has been exhaustively covered on the basis of its applications. This section covers the market for BLE under different product segments such as automotive, asset tracking & proximity marketing, consumer electronics, mobile handsets, personal computers & its accessories and many others. Each of these product segments are further classified into several type of devices to offer an extensive analysis of the BLE market.

The last segment in the report consists of BLE market based on geography including Americas, Europe, Asia-Pacific (APAC) and Rest of the World (RoW). Each of these geographic regions is further classified into prominent countries to offer a holistic overview of BLE market.

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Global Bluetooth Low Energy (BLE) Enabled Devices Market Volume, 2013-2020 (Million Units)

Bluetooth Low Energy (BLE) Enabled Devices

SOURCE: IndustryARC Analysis, Expert Insights

According to IndustryARC Analysis, the BLE enabled devices shipments is forecast to increase from 1.8 billion units in 2014 to 8.4 billion units by 2020 with a CAGR of 29%. The remarkable factor advancing Bluetooth Low Energy into the mainstream is the surge in ‘crowd funding’ for companies with valuable ideas on how wireless connectivity can enhance the product. This has facilitated the ‘maker’ movement consisting of amateur engineers and keen hobbyists who are excited about evolving unique Bluetooth Low Energy applications, thereby accelerating the overall market.

The eminent chipset suppliers in this industry include Nordic Semiconductor, Cambridge Silicon Radio, Texas Instruments and many others while prominent Bluetooth Low Energy modules suppliers include Microchip Technology, Bluegiga Technologies, Laird Technologies, Toshiba, u-blox and many others. All the aforementioned manufacturers have strong distribution network globally that has been crucial factor in making the BLE market penetrate a healthy rate.

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